POSCO Holdings Inc ADR (PKX) is overvalued and Reliance Inc (RS) is overvalued.
Both trade above our estimate of their intrinsic value. RS is the closer of the two: -63%, against -69% for PKX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.2% values the shares at $34.89; the price of $59.05 is 69% above that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 9.5% (average of 3 methods) values the shares at $237.41; the price of $386.95 is 63% above that value, and 74% of that value comes from beyond year five.
Leak Score 43/100 on 10 of 12 signals
| Metric | PKX | RS |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $59.05 | $386.95 |
| Intrinsic value | $34.89 | $237.41 |
| Margin of safety | -69% | -63% |
| Leak Score | 0/100 (3/12) | 43/100 (10/12) |
| Market cap | $17.9B | $19.8B |
| Revenue growth, 5 years | -0.1% | 10.2% |
| Operating margin | 3.0% | 7.9% |
| Net margin | 1.9% | 5.7% |
| Return on equity | 2.4% | 12.2% |
| Debt to equity | 0.55 | 0.27 |
| P/E | 19.4x | 22.5x |
| Forward P/E | 10.7x | 16.4x |
| P/B | 0.5x | 2.7x |
| Dividend yield | 3.0% | 1.3% |